In an article on remittances and microfinance, Business Week has correctly pegged remittances as a potentially huge opportunity for “recipients to save money and build credit histories, so they can get mortgages and small-business loans.” Indeed, the predictable income of remittances allows poor borrowers to access more sophisticated products like “micro-mortgages”, previously limited to people with documented income and greater assets.
Continue reading “BusinessWeek Plugs Remittances and Microfinance as the Converging Paths Toward Investment in Two Billion Micro-Mortgages”
Similar Posts:
- MICROFINANCE PAPER WRAP-UP: “A Brief Introduction to WASH for Impact Investors;” by Joana Afonso, Sachin Kumar, Alvaro Ma; Published by e-MFP, Aqua for All
- SPECIAL REPORT: Digitizing Microfinance to Meet Customer Needs via an Incremental Approach #EMW2023
- MICROCAPITAL BRIEF: In Pakistan, Microfinance Portfolios Rise 7.5% Quarterly to $2b
- MICROCAPITAL BRIEF: Abler Nordic Sells Equity Stake in Satin Creditcare, Provider of Microfinance to Low-income Women in India
- MICROCAPITAL BRIEF: Credit Bank, FSD Kenya Engaging SACCOs in Effort to Reduce Remittance Costs for Rural Kenyans
